Deffains, Bruno; Gabuthy, Yannick; Lambert, Eve-Angéline - In: Labour Economics 17 (2010) 2, pp. 424-433
In this article, we show that the presence of the judiciary in the background of labour relationships is not neutral within these relations: its potential intervention in case of an ex-post layoff and conflict over the severance payment can promote ex-ante efficient specific investment...